Subscribe Free
in Business Aviation

Embraer releases second quarter 2017 results

Posted 28 July 2017 · Add Comment

In 2Q17, Embraer delivered 35 commercial and 24 executive (16 light and 8 large) jets, compared to the 26 commercial and 26 executive (23 light and 3 large) jet deliveries in 2Q16.

·         The Company’s firm order backlog ended the quarter at US$ 18.5 billion;

·         Revenues in 2Q17 increased 29.5% year-over-year to US$ 1,769.6 million, with significant growth across all three segments;

·         Adjusted EBIT and Adjusted EBITDA[1] margins were 9.3% and 13.9%, respectively, in 2Q17, representing margin expansion compared to both the 2Q16 and 1Q17 consolidated results. Adjusted EBIT and Adjusted EBITDA exclude US$ 9.4 million in net non-recurring gains in 2Q17 and US$ 200.0 million in non-recurring charges in 2Q16. Adjusted EBIT and Adjusted EBITDA in the quarter were US$ 164.6 million and US$ 245.4 million, respectively;

·         In the first half of 2017, Adjusted EBIT and Adjusted EBITDA margins were 7.0% and 12.5%, respectively. Accumulated Adjusted EBIT and EBITDA over the first six months of the year were US$ 195.6 million and US$ 348.8 million;

·         2Q17 Net income attributable to Embraer shareholders and Earnings per ADS were US$ 59.1 million and US$ 0.32, respectively. Adjusted Net income (excluding the impact of FX-related non-cash deferred income tax and social contribution and non-recurring items) for the quarter was US$ 123.0 million, representing Adjusted Earnings per ADS of US$ 0.67 per basic share in 2Q17;

·         Embraer generated US$ 220.0 million of Adjusted Free cash flow during 2Q17, and over the first six months of 2017 Adjusted Free cash flow was US$ 20.7 million. The Company’s net debt position improved to US$ 661.5 million at the end of 2Q17 from US$ 805.8 million at the end of 1Q17;

* required field

Post a comment

Other Stories
Advertisement
Latest News

Bombardier reports fourth quarter and full year 2017 results

Bombardier has released its fourth quarter and full year 2017 results, highlighting solid financial and operational performance across the company.

Bruno Even appointed CEO of Airbus Helicopters

Airbus SE has appointed Bruno Even, 49, Chief Executive Officer (CEO) of Airbus Helicopters, effective 1 April 2018. He will report to Airbus CEO Tom Enders and join the company’s Executive Committee.

CTT Systems announces first Cair VIP order for BBJ MAX 8

CTT SYSTEMS AB, providers of aircraft humidity control systems, has a launch customer order for a Cair VIP Inflight Humidification system from Jet Aviation for one Boeing BBJ MAX 8.

Emirates SkyCargo transports first space satellite manufactured in the UAE

Emirates SkyCargo has transported KhalifaSat- the first satellite developed and built by Emirati engineers in the UAE at the Mohammed Bin Rashid Space Centre (MBRSC).

Etihad Airways honours its record breaking executive

Etihad Airways has honoured its high flying executive Andrew Fisher following his record-breaking feat of travelling around the globe in the fastest time and in the fewest number of flights.

SaudiGulf Airlines approved for activation of WIFI Internet services

]SaudiGulf Airlines has obtained regulatory approval for the activation of WIFI Internet services onboard all its domestic as well as its international flights.

Aviation Africa SK18418
See us at
Istanbul Airshow BT22018AirportShow BT1502090518MEBAA BT2018SOFEX BT2018Global Aerospace BT2018BIAS BT271017161118Aviation Africa BT18418ArabianTravelMkBT250418Abu Dhabi AirExpo BT2018